|Call for Offers||2022-04-05|
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Yacht Harbour (the “Property” or “Site”), a ±6.1-acre condominium development site in South Tampa’s Westshore Yacht Club neighborhood, a highly exclusive, gated, waterfront community boasting home sales north of $3,000,000. This rare, shovel-ready offering affords investors the unique opportunity to acquire land in a largely in-fill community while gaining exposure to South Tampa’s new walkable 52-acre waterfront neighborhood, the $600 million Westshore Marina District located directly north of the Property. The Site is offered for sale with construction documents, a state-of-the-art sales center, and an approved site plan contemplating 257 luxury units compromised of 20 townhomes and 237condominium units across three 17-story towers that will feature sweeping views of Tampa Bay, access to a deep-water marina and the prestigious West Shore Yacht Club. Yacht Harbour’s upscale location within an established neighborhood benefitting from significant nearby development, proximity to the major job market anchors of the Tampa MSA, and significant geographic and administrative barriers to entry, ideally positions this Site for future return to prospective investors.
·SITE IS SHOVEL READY: Project is ± 6.1 acres, site plan approved with construction documents complete for three 17-story towers within the highly exclusive Westshore Yacht Club.
·SITE WORK: The site is graded; utilities stubbed, and access roads have been built.
·$500 MILLION POTENTIAL SELLOUT: Yacht Harbour’s preeminent location combined with the sheer size of the project, positions the asset for magnificent upside.
·ACCESS TO TOP EMPLOYMENT CENTERS: Less than a 15-minute drive from the biggest office markets in the Tampa MSA; Downtown Tampa home to 71,000 employees, Westshore Business District home to 102,000 employees and the Gateway Office Market home to 114,000 employees.
·AFFLUENT SUBMARKET: The average household income within a 5-mile radius of the site is $126,571.
·EXCEPTIONAL AMENITIES NEARBY: Within walking distance from the luxurious Westshore Marina District, offering a wide spectrum of shopping and dining options.
·SUPERIOR MARKET CONDITIONS: Tampa is the hottest housing market in the nation for 2022, according to Zillow. Unprecedented demand continues to push market vacancies below 5% and drives year over year rent growth rate upwards of 25%.
·SALES CENTER UNDER CONSTRUCTION: Intricately designed Sales Center directly accessible from West Shore Boulevard, set to be completed in March of 2022.